2018 (10) TMI 1273

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..... T, MUMBAI] to the effect that transaction value after abating expenses of the assessee is also on acceptable basis of computation even under rule 8 and find no law in the valuation adopted by assessee - Hon’ble High Court of Bombay in Commissioner of Central Excise, Customs & Service Tax, Vapi v. Tarapur Grease India Pvt. Ltd [2015 (11) TMI 1168 - BOMBAY HIGH COURT] has held that the principles of .....

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..... 944. 2. Learned Counsel for appellant informs that, between April 2001 to March 2004, they had cleared soap stock , under heading 1507 of Schedule to Central Excise Tariff Act, 1985, to their sister unit and duty liability was assessed as per section 4 of Central Excise Act, 1944. The central excise authorities proceeded against them on the ground that the goods, having been consumed internall .....

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..... the manufacturing cost of byproduct which should not, therefore, be subject to valuation intended for manufactured goods. It is also his contention that the entire exercise is revenue neutral inasmuch as the sister unit availed credit of the duty discharged, and therefore, the bar of limitation would not apply to the demand. 4. Learned Authorised Representative placed reliance on settled law .....

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